Exsel wins £1million contract from Flooring Republic

EXSEL GROUP, recognised by Deloitte’s as one of the best
performing IT and communications companies in Scotland, has announced it has wona contract worth over £1million.

The contract for Flooring Republic, which has stores
throughout the UK,was revealed as Exsel officially
opened its new headquarters at Glasgow Business Park.

Exsel will supply Flooring Republic with a number of
services, including Exsel Cloud, Wi-Fi, Hosted IP Telephony and Printing
Services.

Managing Director Tom McDonald said: “The move into the new
office represents an exciting time for our company, it has been a great year at
Exsel and this really tops it off.”

Flooring Republic becomes the latest company to join Exsel’s
portfolio which already includes the SFA, Celtic FC, the Scottish Futures
Trust, Muir Construction and leading charity Enable Scotland.

Tom said: “We’re happy to welcome Flooring Republic
into our growing list of clients. With stores throughout the UK, this deal
helps us to achieve our aim of becoming one of the UK’s leading providers of IT
and communications.”

Exsel provides a range of IT and telecommunication solutions
to companies of all sizes including business mobile phones, phone systems and
hosted IT telephony, management of printing and photocopying solutions and IT
support services including cloud based solutions.

Last year Exsel won backing worth half a million
pounds from Coralinn LLP, the private investment vehicle of leading Scottish
entrepreneur Hugh Stewart OBE,

and since then the private equity company has
increased its investment by a further £1m.

Under Coralinn’s guidance, Exsel has undergone a
restructuring programme which includes the move to its new headquarters at
Glasgow Business Park.

Hugh said: “We are
delighted with the progress at Exsel since we invested. This winning of this
major new contract is further evidence of the progress is making.

“We have refocused them towards
further growth and we are delighted to support their growth plans. We expect to
see continued significant growth in 2018.”

The company currently employs 27staff but that is expected to grow as it expands its
operations into new offices in Livingston.

Exsel was ranked 27th in the prestigious
Deloitte’s Fast 50 in November this year, one of only two Scottish companies to
achieve the ranking. It’s the second year in a row it has been recognised by
Deloitte for its performance and follows being shortlisted earlier this year in
the Glasgow Chamber of Commerce business awards in the Best Performing Business
category.

It was also ranked 118th in Deloitte’s Fast 500
for Europe, Middle East and Africa (EMEA) this year.